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Japan's Financial Giants Launch Crypto Investment Trusts
Description
Japans financial titans, including SBI Securities, Rakuten Securities, Nomura, and Daiwa, are preparing to launch crypto investment trusts for everyday investors. This shift comes as regulators prepare to legalize funds holding cryptocurrencies by 2028. The move aims to simplify crypto investment, allowing investors to buy digital assets like Bitcoin and Ethereum through their existing brokerage accounts, similar to stocks or bonds. The governments recent reclassification of crypto assets as financial instruments is driving this industry-wide push towards more accessible and integrated crypto investing.
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